Ending Soon! Save 33% on All Access

eMac Gives McDonald's Franchisees An E-Break <b></b>

Chicago-In a move that could profoundly alter themultibillion-dollar fast-food industry, a new Internet procurementsite designed for McDonald's Corp.'s 27,000 franchises isalmost ready to serve.

The site will be launched by eMac Digital, a company founded inJune 2000 and jointly owned by McDonald's and Accel-KKRInternet Co. The as-yet-unnamed procurement hub is the first totarget the fast-food restaurant industry, which is amongAmerica's largest and most profitable.

According to Crain Communications' BtoB, the fast-foodindustry as a whole has been very slow to embrace the Internet, andB2B e-commerce in particular. But the most ambitious part of eMacDigital's hub is its plan to include franchises from otherfast-food companies.

BtoB reports that the procurement hub, set to go live inmid-2001, will allow all of McDonald's franchises across theglobe to buy everything needed to run their restaurants-fromuniforms and spatulas to hamburger buns-all on one site.

Aside from being faster and more convenient for franchisees, theprocurement site will allow business owners to buy supplies andmaterials at a discounted price, ultimately reducing costs forMcDonald's. -Business Wire

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Franchise

Know The Franchise Ownership Costs Before You Leap

From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Business Culture

The Psychological Impact of Recognition on Employee Motivation and Engagement — 3 Key Insights for Leaders

By embedding strategic recognition into their core practices, companies can significantly elevate employee motivation, enhance productivity and cultivate a workplace culture that champions engagement and loyalty.